Bitcoin Price Stabilizes at $104K; ASTER Surges 8%
Bitcoin price found stability around $104,000 after dipping below $100,000 twice last week. Early gains were driven by weekend recovery to $102,000 and US tariff check promises, which propelled BTC to a peak of $107,000 on Tuesday.
Sell-offs trimmed bitcoin back to just under $103,000 before bulls regained traction. The market cap of BTC sits below $2.1 trillion, with dominance inching up to 58%.
Most large-cap altcoins remain under pressure. Ethereum fell below $3,500, XRP slid to $2.40, and Solana dropped under $160. Dogecoin, Cardano, Zcash, Chainlink, Hype Labs, and Stellar also saw declines.
In contrast, ASTER led gainers with an 8% rise to above $1.15. CC climbed 18%, while ICP, MNT, XMR, UNI, and WLFI posted modest gains. Overall crypto market cap dipped by $20 billion to $3.61 trillion.
Neutral
The news shows bitcoin price recovering to $104K but failing to sustain a break above $107K, indicating consolidation rather than a clear trend. ASTER’s 8% gain highlights selective altcoin strength but does not shift overall sentiment. Similar stimulus-driven rallies in the past produced short-lived spikes followed by sideways trading. In the short term, traders may see opportunities in volatile swings around key levels. Long term, market direction will depend on macro catalysts and sustained volume. Thus, the immediate impact is neutral, reflecting cautious equilibrium between bulls and bears.